Test Calculation Date definition

Test Calculation Date means the date which falls 3 (three) Business Days prior to each Guarantor Payment Date or, if that day is not a Business Day, the immediate following Business Day. The first Test Calculation Date will fall on October 2014.
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Test Calculation Date means the date which falls 3 (three) Business Days prior to each Guarantor Payment Date. The first Test Calculation Date will fall on 24 October 2017."Test Grace Period" means the period starting from the Test Calculation Date on which the breach of a test is notified by the Test Calculation Agent and ending on the 1st Monthly Test Calculation Date.
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Test Calculation Date means, following the breach of any Test, the second Business Day immediately preceding the 25th calendar day of each month.
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Examples of Test Calculation Date in a sentence

  • As a consequence any breach of the Cover Ratio Test still outstanding on the Relevant Cover Ratio Test Calculation Date will be cured only with a certain delay.

  • Amortisation of the Notes (on a pro rata basis) as a consequence of a breach of the Cover Ratio Test does not occur immediately following the Relevant Cover Ratio Test Calculation Date but, in respect of each Note, only on the relevant interest payment date for such Note immediately following the Relevant Cover Ratio Test Calculation Date.

  • If any breach of the Cover Ratio Test is not cured until the Relevant Cover Ratio Test Calculation Date, the obligations of the Issuer are set out exclusively in § 5(7) (Amortisation due to breach of Cover Pool Test) of the Conditions of the Notes.

  • Pursuant to the terms of the Trust Agreement the Issuer may, but is not obliged, to cure any breach of the Cover Ratio Test until the Cover Ratio Test Calculation Date immediately following the Cover Ratio Test Calculation Date on which such breach occurred (the "Relevant Cover Ratio Test Calculation Date").

  • Additionally, the pairing of two reliable cores will lead to a high probability of energy wastage.

  • The Asset Coverage Test is intended to ensure that on the relevant Test Calculation Date, the Adjusted Aggregate Asset Amount (as defined in section "Credit Structure" below) is at least equal to the aggregate Principal Amount Outstanding of the Covered Bonds.


More Definitions of Test Calculation Date

Test Calculation Date means (i) prior to the delivery of a Test Performance Report assessing that a breach of Test has occurred, the date falling two Business Days immediately following each Guarantor Calculation Date and (ii) following the delivery of a Test Performance Report assessing that a breach of Test has occurred, the second Business Day of the month immediately following the date of such Test Performance Report and, thereafter, the second Business Day of each month for the following six month-period.
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Test Calculation Date means the date which falls 3 (three) Business Days prior to each Guarantor Payment Date. The first Test Calculation Date will fall on 24 October 2017.
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Test Calculation Date means both prior to and after the delivery of an Acceleration Notice, the date falling on the fifth Business Day immediately preceding each Guarantor Payment Date .
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Test Calculation Date means the date which falls 5 (five) Business Days prior to each Guarantor Payment Date or the Monthly Test Calculation Date or any other date on which any Tests are to be carried out pursuant to the provisions of the Cover Pool Management Agreement and the other Programme Documents.
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Test Calculation Date means, following the delivery of a Test Performance Report evidencing the breach of any of the Mandatory Tests and/or Asset Coverage Test, the 24th calendar day of the second calendar month falling after the delivery of such Test Performance Report.
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Test Calculation Date means: (i) prior to the delivery of a Test Performance Report assessing that a breach of Test and/or the Liquidity Buffer Target Amount and/or the Exposure Assets Limit and/or the Minimum OC Requirement has occurred, the date falling two Business Days immediately following each Guarantor Calculation Date and (ii) following the delivery of a Test Performance Report assessing that a breach of Test and/or the Liquidity Buffer Target Amount and/or the Exposure Assets Limit and/or the Minimum OC Requirement has occurred, the second Business Day of the month immediately following the date of such Test Performance Report and, thereafter, the second Business Day of each month for the following six month- period;
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Related to Test Calculation Date

  • Calculation Date means each day on which the Reference Price is published by the Index Sponsor or the Index Calculation Agent, as the case may be.

  • Computation Date is defined in Section 2.04.

  • Index Determination Date means, in relation to any Index, a date on which such Indexfalls to be determined in accordance with the Conditions;

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date and, in respect of each Subsequent Reset Period thereafter, the second Business Day prior to the first day of each such Subsequent Reset Period;